McCormick & Company (MKC) Gets a Buy Rating from Jefferies

By Ryan Adsit

In a report issued on January 24, Akshay Jagdale from Jefferies reiterated a Buy rating on McCormick & Company (MKCResearch Report), with a price target of $150. The company’s shares closed on Friday at $121.36.

According to TipRanks.com, Jagdale is a 3-star analyst with an average return of 0.6% and a 48.1% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, Conagra Brands Inc, and J & J Snack Foods.

The word on The Street in general, suggests a Hold analyst consensus rating for McCormick & Company with a $128.75 average price target.

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McCormick & Company’s market cap is currently $15.98B and has a P/E ratio of 17.31. The company has a Price to Book ratio of 5.15.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Patricia Little, a Director at MKC sold 5,000 shares for a total of $730,600.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

McCormick & Co., Inc. engages in the manufacture, market, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Industrial business segments.